Hoshin Kanri is an annual business planning and management system. The word “Hoshin” describes both a process and a specific product. As an organizational process, Hoshin manages company efforts and aligns company resources for the purpose of addressing business needs effectively and efficiently. As a specific product, Hoshin is an organization-specific document that details business goals (with targets) and the means for achieving those goals. Hoshin focuses on process as well as results. “Kanri” means management, specifically managing to the Hoshin when applied to the context of Hoshin Kanri. Together, Hoshin Kanri means a management system. Integral to the Hoshin process is problem solving and the concepts of Plan-Do-Check-Action (PDCA).